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I try not to trade the NY markets because of the way they are traded. If you
want to trade them for a position trade, find an option that will hedge your
position. If you want to be long the future, then buy a put or two and trade
both sides of the market. If you want to fix your risk to the downside, just buy
a call. Good luck in NY. Ira.
Earl Adamy wrote:
> I'm showing a very nice setup in Coffee for a position trade along with
> bullish COT positions. After waxing enthusiastic over the technicals
> however, I took a good look at the average daily trading range and limits
> (there is no limit). Based on average daily range of 6 cents and large daily
> range of 20+ cents, I concluded one should be prepared to risk average one
> day moves of $2500 per contract and accept possible one day adverse moves of
> $7500 per contract. While I trade the equally volatile S&P, I am able to
> limit my risk exposure by day trading. I generally prefer to position trade
> other commodities. Do any list members position trade coffee contracts and
> if so, how do you manage your risk?
>
> Earl
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